Stripe will reportedly acquire AI gateway startup OpenRouter for $7B+


Stripe has finalized a deal to acquire OpenRouter, according to a new report in Bloomberg.

OpenRouter helps customers to select different AI models to perform different tasks, depending on their specific needs and budget. The company announced in May that it had raised a $113 million Series B, at a reported $1.3 billion valuation. (Investors include Sequoia, Andreessen Horowitz, Menlo Ventures, and Alphabet’s Capital G.)

At the time, OpenRouter CEO Alex Atallah described the company as the equivalent of Stripe for AI, because it provides customers with a single access point for different systems and prevents lock-in. The startup also claimed to have 8 million global users and to provide access to more than 400 models.

The Wall Street Journal reported last month that Stripe and OpenRouter were in acquisition talks. Now, Bloomberg said those discussions have led to a deal price of more than $7 billion.

A Stripe spokesperson told TechCrunch that the company does not comment on rumors or speculation.



Source link

  • Related Posts

    Look for These Red Flags to Avoid Falling Prey to AI Scams

    Bloomberg Creative/Getty Images I’ve noticed an uptick in scam emails that get past Gmail’s spam filters over the past few years. As an author, the emails I get are usually…

    How to Make Your Stainless-Steel Pan Actually Nonstick (Without Any Coating)

    Properly preheated stainless steel lets eggs, fish, and other delicate proteins slide freely without sticking, without any chemical coating. Pamela Vachon/CNET Stainless-steel pans have a reputation for being difficult. They…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    The 4 Aircraft Leasing Companies Quietly Dominating The World’s Widebody Fleet

    The 4 Aircraft Leasing Companies Quietly Dominating The World’s Widebody Fleet

    Look for These Red Flags to Avoid Falling Prey to AI Scams

    Look for These Red Flags to Avoid Falling Prey to AI Scams

    Hawaii flooded by Lala with thousands without power

    Hawaii flooded by Lala with thousands without power

    The Best Hack for Dewy Foundation, Per Models and Editors

    The Best Hack for Dewy Foundation, Per Models and Editors

    China’s energy strategy vindicated by Iran war

    Canada announces funding for global education during International Development Week